Bitcoin, the global, peer-to-peer cryptocurrency, forced its way onto investment radars by going up almost 10 times its U.S. dollar price in 2013 and then falling more than 70% in the following year. To capture the increasing interest in bitcoins, the ETF industry responded with ETFs such as the proposed Winklevoss Bitcoin Trust ETF and the ARK Web x.0 ETF.
Still, ARK’s flagship fund rises; share declines highlight volatility.
Bitwise’s new fund begins trading amid tumult in stock and bond markets.
The outflows were in stark contrast to the broader market, suggesting it was in part due to the need for liquidity.
etf.com Senior Analyst Sumit Roy speaks with Grayscale’s David LaValle about its pending lawsuit and the future of crypto-related funds.
It was the largest single weekly outflow on record, representing 1.0% of total AUM.
Shares of the firm’s GBTC leaped after arguments in spot bitcoin ETF case.
The poor sentiment likely represents continued investor concerns about regulatory uncertainty.
Digital asset field growing crowded with NFTs and other products, Cap Gemini says.
But rising prices push assets under management to their highest since August 2022.